Carrefour is in the process of critically reviewing its international operations. According to French media, a sale of the Polish and Taiwanese operations is imminent, but the retailer calls the reports premature.
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A.S. Adventure Group is changing its name and will become Yonderland. It is a consequence of a financial restructuring at the group, which has recently reached a debt restructuring agreement.
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King Jouet is now also taking over the six Swiss Maxi Toys stores. Last summer, the French chain already bought the Belgian and French operations of Maxi Toys, which would already have brought growth to the chain.
Spanish department store chain El Corte Inglés is to undertake a major restructuring as a result of the corona crisis and the shift of sales to online. Some 3,000 jobs would be lost in the process.
Adidas is selling its subsidiary brand Reebok. The sneaker brand is not doing well, and Adidas wants to concentrate fully on its own brand.
Heineken is letting go of 8,000 employees, representing around 10 per cent of the entire workforce. After all, the brewing giant still expects little recovery from the Covid crisis in 2021.
Cosmetics brand Yves Rocher is closing its outlets in the Netherlands: all seven brick-and-mortar stores will close this year, but the webshop will remain open.
Perfumery chain Douglas is reportedly planning to close 500 of its 2,400 European stores. The German retailer had previously announced it would be taking a critical look at its store network.
Coca-Cola is restructuring due to the coronavirus pandemic. The number of brands and business units is decreasing. The reorganisation will cost 2,200 employees their jobs.
(update) Danone is reorganising, resulting in 1,500 to 2,000 office employees losing their job. The FMCG company is transforming into a 'local first' organisation, with fewer management layers and greater local autonomy.
FrieslandCampina is cutting nearly a thousand jobs because of the coronavirus crisis. Employees in the Netherlands, Belgium and Germany are particularly affected.
Sainsbury's is going to close 420 branches of non-food subsidiary Argos and remove all its service counters for meat and fish from supermarkets. The operation threatens 3,500 jobs.
Beer brewer Heineken saw its sales drop sharply as a result of the corona crisis. Although the third quarter showed improvement, the outlook remains uncertain, which is why the company is making redundancies.
(update) Gap plans to leave Europe: the American clothing chain announces the possible closure of all its stores on the European continent. Nearly 120 stores are affected by the decision.
Ceconomy, the holding company behind MediaMarkt and Saturn, is recovering from the corona crisis faster than expected. The German company is raising its forecasts for this financial year, although thousands of jobs are still at risk.
Esprit looks back on a tumultuous year: while turnover fell by almost a quarter, losses doubled. The corona crisis came on top of far-reaching restructurings and a transformation plan that has been dragging on for years.